502 E 2nd StLitchfieldMN55355
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Litchfield at 502 E 2nd St, Litchfield, MN, 55355 uses $72,897 cash to close to unlock $4,454/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $1,744/mo, and a $1,076/mo payment keeps the spread at $371/mo. Purchase price stands at $219,900, and rental yield measures 9.52% with $1,744/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 135.73% and total cumulative return in cash records $98,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,744/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1875
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55355, Litchfield, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,434 (100%) |
| Owner Occupied HU | 2,995 (67.5%) |
| Renter Occupied HU | 944 (21.3%) |
| Vacant Housing Units | 495 (11.2%) |
| Median Home Value | $243,584 |
| Average Home Value | $300,728 |
Housing Distribution
Address Breakdown
Residential
4,146
Single Family
3,742
Multi-Family
404
Businesses
386
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Listed by: Corbin Froelich • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6780492